{"id":17429,"date":"2012-09-20T10:46:14","date_gmt":"2012-09-20T09:46:14","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=17429"},"modified":"2012-09-20T10:46:14","modified_gmt":"2012-09-20T09:46:14","slug":"a-tax-avoidance-win-which-a-general-anti-tax-avoidance-principle-bill-would-have-delivered-so-much-more-easily","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/09\/20\/a-tax-avoidance-win-which-a-general-anti-tax-avoidance-principle-bill-would-have-delivered-so-much-more-easily\/","title":{"rendered":"A tax avoidance win which a General Anti-Tax Avoidance Principle Bill would have delivered so much more easily"},"content":{"rendered":"

As the FT notes this morning<\/a>:<\/p>\n

The government has won an important legal victory in its fight against stamp duty avoidance, in a blow to similar schemes used to dodge an estimated \u00a3170m of tax.<\/p>\n

A tribunal has ruled against a company that used a rule, originally designed to prevent double taxation, to avoid \u00a3290,000 of stamp duty on a 2006 purchase of a business park in Stockton-on-Tees.<\/p>\n

\u00a0The victory against the misuse of \u201csub-sale\u201d relief, which is frequently employed to avoid stamp duty, is seen by HM Revenue & Customs as a landmark case as it tries to confront what George Osborne has branded the \u201cmorally repugnant\u201d culture of\u00a0property tax avoidance.<\/div>\n

Sub-sale relief was originally devised as a way to exempt legitimate intermediaries, such as housebuilders, from paying stamp duty twice \u2014 first when they bought the land and again after selling the finished house.<\/p><\/blockquote>\n

Now of course a win has to be applauded: I'm always pleased by them.<\/div>\n
<\/div>\n
But, let's also be clear that this was simply abuse of a law introduced with good intent by the tax avoidance industry and this result could have been achieved so much more easily if we'd had\u00a0Michael\u00a0Meacher's\u00a0General Anti-Tax Avoidance Principle Bill<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"

As the FT notes this morning: The government has won an important legal victory in its fight against stamp duty avoidance, in a blow to
 Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[134],"tags":[],"class_list":["post-17429","post","type-post","status-publish","format-standard","hentry","category-gantip"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=17429"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/17429\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=17429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=17429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=17429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}